Votorantim Cimentos invests US$220m

Published:
01 February 2005

Votorantim Cimentos is dedicating US$220m investments to improve the
logistic area in 2005, US$140m of which will go to Brazil. In 2003, the
Brazilian cement manufacturer invested R$400m. Votorantim Cimentos
believes that income may have reached R$4.8bn in 2004. Meanwhile it is
inaugurating a new distribution center in Pernambuco state and is
constructing a further unit in Salvador (Bahia state), investing R$6.5m
in both enterprises. Last year, the company invested R$2.7m in the
Cimesa unit, as well as in the Paraiba facilities.